Cascadia Capital Advises Compli in Acquisition by KPA

January 17, 2019

Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Alternative Legal Solutions, (dba “Compli”), a provider of HR business process automation solutions, in its acquisition by KPA, a leading software as a service (“SaaS”) and services provider for compliance and workforce management solutions, and a portfolio company of Providence Equity.

Compli’s software reduces the cost and complexity of HR and compliance management processes by automating document training and forms routing, completion, and collection while providing visibility through real-time reporting and intuitive dashboards.

Compli’s software helps organizations meet workforce corporate compliance demands by automating and integrating policy review and acceptance, online training, and forms completion. Combining Compli’s capabilities with KPA’s HRIS (“Human Resource Information System”), Applicant Tracking System (“ATS”), training, and on-demand HR advice accelerates KPA’s strategy to expand its comprehensive human capital management solution for small and middle market companies.

This transaction accelerates KPA’s strategy of delivering an industry-defining compliance, workforce management, and business process automation platform to the middle market.

Regarding the transaction, Rob Warmack, CEO of Compli stated, “We were very glad to have Cascadia on our side of the table. Their knowledge of the compliance sector, as well as their significant and recent transaction activity, served us well in negotiating a successful outcome with KPA.”

Ken Thrasher, Chairman of Compli added, “The Cascadia team was committed to Compli from the very start of our relationship. They remained highly engaged throughout our process and represented the interests of Compli’s stakeholders well.”

Paul Vander Vort, Managing Director, Cascadia Capital, said, “We’ve known Ken, Rob and Compli for several years and tracked the company’s story all the while. When they decided to engage a banker, we were thrilled to have been chosen – a great client operating in a sector we know extremely well.”

The acquisition represents another successful transaction for Cascadia in the HR Tech and eLearning/Compliance sectors. Past transactions include LeaveLogic, ECaTS, Workplace Answers, VPI and WeComply.

For more information about this transaction, please contact the Cascadia Capital deal team:

Paul Vander Vort
Managing Director
pvandervort@cascadiacapital.com
(612) 350-1594

Anders Olson
Vice President
aolson@cascadiacapital.com
(612) 350-1595

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